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Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

Venezuela Will No Longer Accept Payment for Oil in U.S. Dollars

In Venezuela this week the government announced that it would no longer be accepting payments in U.S. dollars for the oil it sells. This is a huge shift from typical practices in the oil market. The government is believed to have decided... 
Insurers Add Up Hurricane Costs in Monte Carlo

Insurers Add Up Hurricane Costs in Monte Carlo

While Hurricane Irma battered the state of Florida on Sunday, the top players in the world of insurance were gathered in sunny Monte Carlo assessing costs of the monstrous storm for the worldwide industry. Thus far insurers have said... 
Strongest Earthquake in Last Century Shakes Mexico

Strongest Earthquake in Last Century Shakes Mexico

On Thursday night, Mexico was hit was a massive earthquake. The quake was the strongest in over 100 years, shaking Mexico City buildings and killing dozens in the southern states of Oaxaca and Chiapas. The quake was felt as far away... 
Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

Tiny Caribbean Islands Devastated By Irma Now Have Jose Approaching

As Hurricane Irma’s worst winds, rains and tide surges departed the reef-ringed beaches of Antigua and Barbuda on Wednesday, Prime Minister Gaston Browne proudly proclaimed that no other nation in the Caribbean would have been as... 
CBS Acquiring Ten Network in Australia

CBS Acquiring Ten Network in Australia

CBS Corp, the most watched TV network in the United States, said on Monday it would acquire Ten Network Holdings, its largest customer in Australia, and would launch a streaming service in Australia as well. Through this deal, the... 
China Exports and Imports for July Weaker Than Were Expected

China Exports and Imports for July Weaker Than Were Expected

China’s imports and exports expanded much less than had been expected during July, increasing the worries over if global demand was beginning to cool even as major central banks across the West consider pulling back on years of huge...